VERLIERO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
VERLIERO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,424
2024 · €22,420-€18,996
Equity
€772,687
2024 · €769,263+€3,424
Cash
€28,550
2024 · €31,282-€2,732
Balance sheet total
€1.3m
2024 · €1.3m-€38,327
Largest movements
Assets
- Tangible fixed assets -€34,133
down €34,133 (-2.6%), from €1.3m to €1.3m
of which Land and buildings: -€24,433
Equity and liabilities
- Debts after one year -€37,475
down €37,475 (-7.5%), from €498,817 to €461,342
Income statement
- Gross operating margin -€16,746
down €16,746 (-22.6%), from €74,105 to €57,359
- Depreciation +€6,409
up €6,409 (+22.0%), from €29,197 to €35,606
- Taxes -€3,858
down €3,858 (-69.9%), from €5,519 to €1,662
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€22,420
Gross operating margin
-€16,746
Depreciation
-€6,409
Other operating charges
+€81
Other operating items
-€193
Financial income
-€0
Financial charges
+€413
Taxes
+€3,858
Result 2025
€3,424
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€35,978
Investment
-€1,474
Financing
-€37,237
Cash 2024
€31,282
From operations (derived)
+€35,978
Net result for the year
+€3,424
Depreciation
+€35,606
Receivables within one year
+€1,600
Deferred charges and accrued income
-€138
Trade debts
+€236
Tax, wage and social debts
-€3,858
Other debts
-€475
Accrued charges and deferred income
-€417
Investment (derived)
-€1,474
Investment in fixed assets (net)
-€1,474
Financing
-€37,237
Debts after one year
-€37,475
Current portion of long-term debt
+€238
Cash 2025
€28,550
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,326,659 | €1,288,332 | -€38,327 | -2.9% |
| Fixed assets | 21/28 | €1,290,802 | €1,256,669 | -€34,133 | -2.6% |
| Tangible fixed assets | 22/27 | €1,290,792 | €1,256,659 | -€34,133 | -2.6% |
| Land and buildings | 22 | €1,223,189 | €1,198,756 | -€24,433 | -2.0% |
| Plant, machinery and equipment | 23 | €2,744 | €2,148 | -€596 | -21.7% |
| Furniture and vehicles | 24 | €64,859 | €55,756 | -€9,104 | -14.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €35,857 | €31,663 | -€4,194 | -11.7% |
| Amounts receivable within one year | 40/41 | €1,600 | €0 | -€1,600 | -100.0% |
| Trade receivables | 40 | €1,600 | €0 | -€1,600 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,282 | €28,550 | -€2,732 | -8.7% |
| Deferred charges and accrued income | 490/1 | €2,975 | €3,113 | +€138 | +4.6% |
| Total equity and liabilities | 10/49 | €1,326,659 | €1,288,332 | -€38,327 | -2.9% |
| Equity | 10/15 | €769,263 | €772,687 | +€3,424 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €750,663 | €754,087 | +€3,424 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €750,663 | €754,087 | +€3,424 | +0.5% |
| Amounts payable | 17/49 | €557,397 | €515,646 | -€41,751 | -7.5% |
| Amounts payable after more than one year | 17 | €498,817 | €461,342 | -€37,475 | -7.5% |
| Financial debts | 170/4 | €498,817 | €461,342 | -€37,475 | -7.5% |
| Amounts payable within one year | 42/48 | €44,109 | €40,250 | -€3,859 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €37,237 | €37,475 | +€238 | +0.6% |
| Trade debts | 44 | €254 | €490 | +€236 | +93.0% |
| Suppliers | 440/4 | €254 | €490 | +€236 | +93.0% |
| Taxes, remuneration and social security | 45 | €5,519 | €1,662 | -€3,858 | -69.9% |
| Taxes | 450/3 | €5,519 | €1,662 | -€3,858 | -69.9% |
| Other amounts payable | 47/48 | €1,099 | €624 | -€475 | -43.3% |
| Accrued charges and deferred income | 492/3 | €14,471 | €14,053 | -€417 | -2.9% |
| Non-recurring operating income | 76A | €22,500 | €0 | -€22,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,197 | €35,606 | +€6,409 | +22.0% |
| Other operating charges | 640/8 | €6,079 | €5,999 | -€81 | -1.3% |
| Non-recurring operating charges | 66A | - | €193 | +€193 | |
| Gross operating margin | 9900 | €74,105 | €57,359 | -€16,746 | -22.6% |
| Operating profit (loss) | 9901 | €38,829 | €15,561 | -€23,268 | -59.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €10,889 | €10,476 | -€413 | -3.8% |
| Recurring financial charges | 65 | €10,889 | €10,476 | -€413 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €27,940 | €5,086 | -€22,854 | -81.8% |
| Income taxes | 67/77 | €5,519 | €1,662 | -€3,858 | -69.9% |
| Profit (loss) for the period | 9904 | €22,420 | €3,424 | -€18,996 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,420 | €3,424 | -€18,996 | -84.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.